The US$ index has closed with another indecision weekly candle. Traders might need to wait until after the Easter period before there is clarity here.

Both FX Indices closed with Inside weekly candles suggesting a bit of shared confusion. At least there are trend line to monitor on the lower time frame charts to help traders gauge the next move on each. However, be prepared for the potential of some slower price action this week as the Easter break approaches.

The US$ pulled back to a key technical support level last week but, unless this is broken, the trend remains ups. The FX Indices are back to being divergent so extra caution will be needed with Forex trading.

The US$ index has had a great week and printed a large bullish weekly candle but has butted up against major resistance at 103.80. This will be the region to watch for any new make or break activity.

There were large reversal moves on the FX Indices, and, whether this is just a bit of mean reversion or a shift to a new trend is not clear. These are unusual times and trying to apply the logic of technical analysis might prove to be a fools folly, but, I’ll give it a go!